Mastercard and Binance to terminate partnership in September
The joint effort between Mastercard and Binance to offer crypto card services in Argentina, Brazil, Colombia, and Bahrain will end on Sep. 22. Binance Cards enable users to use regular currencies like USD to make purchases, backed by their crypto holdings on Binance. The end of this collaboration doesn’t impact Mastercard’s other crypto card partnership s, like the one with Gemini, a crypto exchange. You might also like: Binance partners with MasterCard in Brazil Mastercard has not revealed the exact reasons for ending its partnership with Binance. Nonetheless, in line with its policies, the company conducts thorough assessments and continuous monitoring for all partnership s related to cryptocurrencies. Hello there, The Binance Card will no longer be available to users in Latin America and the Middle East. The product, like most debit cards, has been utilized by Binance’s users to pay for basic daily expenses but in this case, the cards are funded with crypt...